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lara31 [8.8K]
2 years ago
14

Which of the following are depositary financial institutions? (select all that apply)

Business
1 answer:
asambeis [7]2 years ago
6 0

Depositary financial institutions are:

  • Loan associations
  • Credit unions
  • Commercial bank

<h3>What are depositary financial institutions?</h3>

Depositary financial institutions are financial institutions that gathers or obtains funds majorly by accepting deposits from members of the public. Depositary financial institutions include loan associations, credit unions and commercial bank.

Credit union is a form of financial institution owned by members of the union. The union provides financial services similar to the services provided by commercial banks

A commercial bank is a financial institution that accepts deposits from customers, provide loans to customers and provide financial products t costumers. Only commercial banks. deposit their excess funds with the U.S. Treasury.

A  savings and loan associations is a financial institution that specializes in helping customers get residential mortgages.

To learn more about banks, please check: brainly.com/question/23980074

#SPJ1

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